The upcoming Memorial Day weekend marks the start of the traditional summer driving season. In most states, summer road-trippers are paying more gas tax than they did a few years ago and are benefiting from smoother and safer roads as a result. In total, 30 states have raised or reformed their gas taxes in the last six years.
Shoppers won't pay sales tax on clothes worth $60 or less and on school supplies worth $15 or less.
The deadline for filing income tax returns is less than a few weeks away. In addition to income taxes, Americans pay property and general sales taxes as well, which also account for a significant share of taxes paid each year. State and local governments collect more than $1,000 per person each year through sales taxes.
Some lawmakers want preparation for collecting sales taxes on online purchases in case Congress passes a law that allows states to do so.
As online shopping becomes more popular, the Silver State is missing out on millions in tax dollars. But Senate Bill 392 would require internet companies to collect sales tax for online purchases.
A group of nine U.S. senators reintroduced the Marketplace Fairness Act last week, once again setting in motion one of the longest-running and hotly debated sales tax issues in the land. Will it pass this time? It won’t be easy, but companies that sell things over the Internet will want to watch closely.
Nine senators on Tuesday reintroduced legislation that would allow states to collect sales taxes -- more than 9 percent in a handful of states -- from large Internet sellers that don't have operations in the states collecting the taxes.
Mayor Rahm Emanuel, locked in a tight election campaign, is rolling out a plan to boost job creation in some depressed neighborhoods by waiving all state and local taxes on businesses and taking other unusual steps to lure employers. The so-called Right to Thrive zones—a pumped-up version of the Enterprise Zones of recent decades—would feature no property, income or sales taxes on businesses that open in these areas for an unspecified time "as long as they create jobs in the surrounding neighborhood," Emanuel says in an op-ed article written for the Chicago Tribune.
California motorists were glad to hear they'll soon catch a price break at the pump. The State Board of Equalization unanimously voted to cut the excise tax from 36 cents to 30 cents. The price cut will take effect July first. Many people in the Valley have watched those gas prices like a hawk. The average price of a gallon of gas in Fresno has risen 44 cents in the past month according to gasbuddy.com. Curtis Mason of Fresno said, "Me and wife went out of town and when we came back we noticed that prices went up ten more cents.
Oklahoma City’s sales tax for February was up 7.9 percent over the same month in 2013, putting collections above the city’s target through the first eight months of the fiscal year. The report was tempered by expectations economic activity will slow in coming months in response to falling oil prices. Doug Dowler, the city’s budget […]
Find out how much a half-percentage-point increase in the Ohio sales tax could cost you.
Voters appear to be open to making a key change in California’s highly-popular property tax law – and to extending the tax increases they approved in 2012.
It's tempting to simply take the IRS's standard deduction, but these often-overlooked write-offs really help on Tax Day.
Don't let a knowledge gap prevent you from taking advantage of these money-saving tax breaks.
As you scan your receipts after Black Friday shopping, take a moment to note that the amount of sales tax you pay varies depending on where you purchased your items. California's sales tax varies depending on the city or county — ranging from as little as 7.5% in Ventura County, the statewide minimum, to 8% in Orange County, to as much as 10% in the Los Angeles County suburbs of La Mirada and Pico Rivera. Los Angeles County has a higher sales tax because of voter-approved taxes in 1980, 1990 and 2008 to fund the public transportation system. As a result, the Los Angeles County minimum sales tax is 9%, but a few cities have pegged on additional taxes, such as Santa Monica, Culver City and City of Commerce, which come in at 9.5%.
Amazon.com today begins collecting sales tax from purchasers in Minnesota and Maryland, marking the 22nd and 23rd states where the online retailer assesses the levy.
Key Findings 45 states collect statewide sales taxes. 38 states collect local sales taxes. The five states with the highest average combined state-local sales tax rates are Tennessee (9.45 percent), Arkansas (9.19 percent), Louisiana (8.89 percent), Washington (8.88 percent), and Oklahoma (8.72 percent). Virginia, Arkansas, Ohio, and Maine have recently raised sales tax rates. Arizona, Kansas, and the District of Columbia have recently cut sales tax rates.
Going global? Here’s some advice from Concur on the differences between tax and VAT laws for US companies looking to expand into the UK.
That 1990s Super Nintendo System you've been eying on eBay for $79.97 might soon include an extra fee for sales tax, thanks to a bill up for consideration in the Senate this week. Senators are wrapping up discussions about the Marketplace Fairness Act, better known by its nickname, the Internet Sales Tax. A vote to advance the bill is expected Friday morning.